The Israel Securities Authority (the “ISA”) last year finalised new rules for assessing the needs and instructions of investment advisory or investment management clients; these take effect from 7 August 2022, replacing the 2014 Order under the Regulation of Investment Advice, Investment Marketing and Investment Portfolio Management Law, 5755-1995 (the “Law”).

Following is a clients memo from the Capital Markets and Securities department on the subject of: Client Update – The ISA Client Needs Assessment Order.